Keeping in view the government’s approval of duty-free import of cotton yarn, exporters have demanded that the leadership open imports from India. They have also requested the government to extend incentives until the country achieves its yearly cotton production target. The Economic Coordination Committee (ECC) of the cabinet on Wednesday withdrew customs duty on the import of cotton yarn till June 30, 2021. Pakistan Apparel Forum Chairman Jawed Bilwani said that the value-added textile export sector had been requesting duty-free import of cotton yarn since October 2020. “Therefore, we request the government to allow duty-free import of cotton yarn until the country achieves its cotton production target of 10.5 million bales.”To resolve the cotton yarn crisis, the leadership should also place a ban on export of cotton yarn from Pakistan or slap 10% duty, he said.

Source: The Express Tribune April 16, 2021 04:07 UTC